Banning Uber is not the answer

The Social Market Foundation’s Scott Corfe says banning the likes of Uber would make households poorer.

Transport for London’s recent decision to deny Uber a renewed licence to operate in the capital has led to public outcry. Hundreds of thousands have signed a petition calling on the Mayor of London to rethink this decision, highlighting how at odds it seems to be with public sentiment.

In the eyes of many Londoners, particularly cash-strapped younger households, Uber has allowed them to access affordable and convenient taxis, in contrast to expensive black cabs. They are aghast at the prospect of this being taken […]

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